If I could wish for just one thing this holiday season when it comes to Prosper.com it would be redacting any changes that lead to the appearance of censorship.

It is my opinion that the appearance of censorship on the part of Prosper.com and its management will be the downfall of Prosper. PMI needs to remember that this is a place where lenders invest their hard earned dollars and where borrowers ask for same. Everything that is done needs to be above board and honest to a fault. This appearance of censorship started when Prosper erased, completely erased, the old forums and installed a new one.

I have kept track and nine out of my last ten posts to the new forums did not meet approval and were not posted. Add to that that Prosper is sending out letters from attorneys to various members, banning anyone who mentions an outside website on Prosper.com, and erasing profiles that do the same and it looks like Prosper operates under a police state.

I want nothing more than for Prosper to succeed and it is my most fervent wish that I can work within Prosper to affect change.

As it stands now until or unless Prosper takes some action to remember who their customers are I won't be borrowing or lending again. That's a sad statement for me to make and I hope Prosper realizes I'm not the only one who feels this way. Many of us feel that Prosper has squandered not only the goodwill we once had but also the tremendous talents of their lender and borrower base are the customers who have been with them since the beginning. We all share one common goal: to see Prosper succeed and become the premier site for P2P lending. We hope Prosper shares this goal with us.

No comments:

I'm an engineer in the Austin, TX area who has too much fun with financial things. I lend and post in Prosper forums under the ID tash. Have a juicy Prosper tidbit or a comment? Email it to mike@prosperousland.org

We think it's obvious, but, just in case, you should know that this blog is not affiliated with Prosper.com. We just talk about them. And other people. We occasionally make stuff up too. And I copied a friend's homework in 7th grade.